Question:
Do I have to pay zakat on my property?
Answer:
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
In essence, only the following categories are zakātable:
1) Gold and silver
2) Cash
3) Merchandise
4) Agricultural products
5) Animals and livestock
Personal belongings such as a house, car and clothes are not subject to zakāt.[1]
And Allah Ta’āla Knows Best
Mufti Faraz Adam,
www.darulfiqh.com